Paktor, an app that is dating competitors Tinder in Southeast Asia, is pressing it self into more international areas. The Singapore-based startup simply swiped close to ten dollars million in fresh money after raising a round of capital to grow into Japan and Southern Korea as an element of a wider worldwide push.
YJ Capital — the venture that is corporate owned by Yahoo Capital — led the round, including involvement from other brand brand new investors international Grand Leisure, Golden Equator Capital and Sebrina Holdings, along with current backers Vertex Ventures (which belongs to Singapore sovereign wide range investment Temasek) MNC Media Group, Majuven and Convergence Ventures.
Paktor has raised a lot more than $22 million up to now, including a $7.4 million Series B round one year ago, which it offers used to enhance beyond its initial, Tinder-like app that is dating cover offline events and solutions, such as for instance team travel, rate dating and much more. It has expanded its geographies beyond a short concentrate on Southeast Asia’s six biggest nations: Singapore, Indonesia, Philippines, Malaysia, Thailand and Vietnam.
The transfer to Southern Korea and Japan should be aided by YJ Capital, which keeps strong links with Yahoo Japan — the joint entity from SoftBank and Yahoo that will be the country’s largest internet portal and news company and well well worth upwards of $8.5 billion. But that is not Paktor’s just expansion work.
It hired two executives that are former IAC, the company that has Match.com, Tinder among others, to oversee its worldwide expansion outside of Asia. Jose Ruano and Miguel Mangas, previously with IAC’s Meetic in Spain, are CEO and VP of advertising, respectively, for Paktor Overseas plus in fee of globalizing the organization. Continue reading “Asian Tinder competing Paktor lands $10M to help expand international push with launches in Japan and Southern Korea”